Getty Realty Corp. Names New CIO as Longtime Executive Retires
Event summary
- Mark J. Olear, EVP, CIO, and COO, to retire on February 27, 2026
- Robert J. Ryan promoted to CIO, effective immediately
- COO role eliminated, not backfilled
- Ryan joined Getty in 2016, previously held roles at Marx Realty and Macerich
- Olear to provide advisory services post-retirement
The big picture
Getty Realty Corp. is navigating a leadership transition at a time when the retail real estate sector faces evolving consumer behaviors and competitive pressures. With 1,174 properties across 44 states, the company’s ability to maintain growth momentum under new leadership will be critical. The elimination of the COO role suggests a potential shift toward a more streamlined operational structure.
What we're watching
- Portfolio Strategy
- How Robert J. Ryan will steer Getty’s convenience and automotive retail real estate acquisitions, given his acquisitions-focused background.
- Operational Efficiency
- Whether eliminating the COO role will streamline operations or create execution gaps during the transition.
- Market Positioning
- The pace at which Getty can diversify its portfolio under new leadership amid shifting retail real estate dynamics.